Ground lease
Wawa — Portsmouth, VA
Portsmouth · VA · completed
6,049 SF ground lease for Wawa at 720 London Street, Portsmouth, VA 23704.
Opportunity
Wawa needed a location in Portsmouth, Virginia. The structure was a ground lease: control of the box without buying the dirt.
Challenge
A ground lease is a different instrument than a purchase or a pad build-to-suit. Land control and the 6,049 SF Wawa program had to close as one structure.
Solution
6S delivered a completed Wawa ground lease. Structure: ground lease. Result: Wawa occupies 720 London Street.
Project Details
Wawa. 720 London Street, Portsmouth, VA 23704. Building size: 6,049 SF. Structure: ground lease. Completed.
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